Monetary Policy
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The Fed Has a Groupthink Problem. Warsh Can Fix It
Evidence shows groupthink has produced suboptimal monetary policy. Kevin Warsh’s out-of-sync views could bring much-needed diversity to the Fed.
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Inflation Edged Up in February, But Core Price Pressures Ease
The data suggest nominal spending and wage growth are stable, and easing policy too quickly could risk reigniting price pressures.
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AIER’s Everyday Price Index Jumps 0.61 Percent in February 2026
Official CPI suggests moderating inflation, but our in-house index clocks the largest increase in 13 months. Affordability will worsen with the outbreak of war with Iran.
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Soundness, Trust, and the Real Case Against Fiat Money
The strongest objections to fiat money are moral and institutional, not legal. Inflating a currency erodes trust over time, but it isn’t counterfeiting.
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AI Won’t Fix America’s Looming Debt Crisis
Even if the government hits the tax revenue jackpot, it’s naïve to assume lawmakers would pay down the debt.
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Central Banks Can’t Stop Wars
Central banks face pressure to absorb oil shortages and other shocks, but tightening money risks compounding the damage.
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Delayed Data Unlikely to Resolve Disagreements at Fed
Fresh data confirm lingering inflation, but data disruptions, policy shocks, and political pressures are complicating the Fed’s next move.
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Indebted to the Printing Press: Fiscal Dominance Is No Longer Theoretical
As debt-service costs surge, deficits pressure the Fed in ways that threaten long-term price stability. Pandemic stimulus has given way to structural imbalance.
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Should the Fed Abandon Its 2 Percent Target for an Inflation Range?
While inflation ranges may offer technical advantages, they risk blurring accountability and weakening confidence in the Federal Reserve when clarity is most needed.
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Inflation Is Cooling: Jan 2026 Increase Below Seasonal Norms
Shelter and energy costs led the deceleration. While inflation remains above the Fed’s target, the monthly price growth neared a multi-year low.
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•
The Fed Has a Groupthink Problem. Warsh Can Fix It
Evidence shows groupthink has produced suboptimal monetary policy. Kevin Warsh’s out-of-sync views could bring much-needed diversity to the Fed.
-
•
Inflation Edged Up in February, But Core Price Pressures Ease
The data suggest nominal spending and wage growth are stable, and easing policy too quickly could risk reigniting price pressures.
-
•
AIER’s Everyday Price Index Jumps 0.61 Percent in February 2026
Official CPI suggests moderating inflation, but our in-house index clocks the largest increase in 13 months. Affordability will worsen with the outbreak of war with Iran.
-
•
Soundness, Trust, and the Real Case Against Fiat Money
The strongest objections to fiat money are moral and institutional, not legal. Inflating a currency erodes trust over time, but it isn’t counterfeiting.
-
•
AI Won’t Fix America’s Looming Debt Crisis
Even if the government hits the tax revenue jackpot, it’s naïve to assume lawmakers would pay down the debt.
-
•
Central Banks Can’t Stop Wars
Central banks face pressure to absorb oil shortages and other shocks, but tightening money risks compounding the damage.
-
•
Delayed Data Unlikely to Resolve Disagreements at Fed
Fresh data confirm lingering inflation, but data disruptions, policy shocks, and political pressures are complicating the Fed’s next move.
-
•
Indebted to the Printing Press: Fiscal Dominance Is No Longer Theoretical
As debt-service costs surge, deficits pressure the Fed in ways that threaten long-term price stability. Pandemic stimulus has given way to structural imbalance.
-
•
Should the Fed Abandon Its 2 Percent Target for an Inflation Range?
While inflation ranges may offer technical advantages, they risk blurring accountability and weakening confidence in the Federal Reserve when clarity is most needed.
-
•
Inflation Is Cooling: Jan 2026 Increase Below Seasonal Norms
Shelter and energy costs led the deceleration. While inflation remains above the Fed’s target, the monthly price growth neared a multi-year low.